Big Data Analytics Go Large: GoodData Gets $25.7M Led By Intel, Eyes Up 2016 IPO

TechCrunch

GoodData, a cloud-based big data analytics firm, is rising higher into the clouds itself. Today it is announcing a $25.7 million round of funding led by Intel Capital, with participation also from existing investors Andreessen Horowitz, General Catalyst, Tenaya Capital, TOTVS, Next World Capital, Windcrest, and Pharus Capital. This is a Series E round for the company, which has raised $101.2 million to date, and comes as the company is reportedly eyeing up an IPO in 2016.

The last round raised by GoodData was in June 2013, when it raised $22 million led by Brazil’s TOTVS.

Originally founded in the Czech Republic but now based in San Francisco, GoodData competes against a large swathe of other tech companies that are, like GoodData, capitalising on the shift that enterprises are making to cloud-based services and the boom in big data analytics that has come in the wake of our so much of…

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